(Chicago, Feb. 17, 2005) 2004 Income/ Expense Analysis^® data compiled and published by the Institute of Real Estate Management (IREM^®) for key property sectors is now available for specific metropolitan areas. The data provides a detailed look at operating revenues and expenses for:

• Office buildings
• Conventional apartments
• Federally assisted apartments
• Condominiums, cooperatives and planned unit developments
• Shopping centers

Data is broken down by common line items such as rent, utilities, maintenance, insurance, taxes, vacancies and payroll. These breakdowns make it easy to quickly benchmark properties in a given portfolio to others in the same marketplace.

An Individual Metro Report for a specific property type (e.g. the Conventional Apartment Report for the Dallas metro area) is priced at $75. Also available is an Income/Expense Packaged Metro Report that includes individual metro as well as regional and national data for a specific property type (e.g. the Conventional Apartment Report for the Dallas metro area, the southwest region and the entire United States). Each Packaged Metro Report is priced at $125.

ORDERING INFORMATION
Both the Individual and Packaged Metro Reports can be ordered in downloadable PDF format by accessing the IREM Store.

ABOUT THE INSTITUTE OF REAL ESTATE MANAGEMENT
The Institute of Real Estate Management (IREM^®) has been the source for education, resources, information and membership for real estate management professionals for more than 70 years. An affiliate of the NATIONAL ASSOCIATION OF REALTORS^®, IREM is the only professional real estate management association serving both the multi-family and commercial real estate sectors.

With 82 U.S. chapters, seven international chapters and several other partnerships around the globe, IREM is an international organization that serves as an advocate on issues affecting the real estate management industry.

Membership includes approximately 16,700 individual members and 530 corporate members. IREM promotes ethical real estate management practices through its credentialed membership programs, including the Certified Property Manager^® (CPM^®) designation, the Accredited Residential Manager (ARM^®) certification, and the Accredited Management Organization (AMO^®) accreditation. These esteemed designations certify competence and professionalism for those engaged in real estate management. In addition, IREM offers Associate membership status.